Aviation Technical Services has new, local owners

EVERETT — Aviation Technical Services, a Paine Field-based maintenance, repair and overhaul company, announced Friday that its executives and other investors have bought ATS from a Sydney, Australia, investment bank.

ATS says it is Washington’s second-biggest aerospace firm and employs more than 1,000. A good deal of ATS’s business involves repair and overhaul of Boeing 737s and 757s, but the company performs a range of services at two Paine Field hangars and at a new facility at Grant County Airport in Moses Lake, on a wide variety of commercial and business jets.

“ATS is proud to take this important step to secure our future and ensure long-term stability for our customers, employees and company,” Yerbic said in the news release. “We plan to grow, diversify our service and product offerings, create more jobs and to drive the growth of the aerospace industry in Washington state and beyond.”

Said Greenpoint chairman and founder Jon Buccola, who will serve on the new ATS board: “We are excited to grow our partnership. Greenpoint and ATS have a 15-year working relationship on VIP and head-of-state programs. Investing in ATS and its facilities guarantees our joint success to deliver quality, on-time completions.”